The Charleston (S.C) County Council on Aug. 16 ended plans to renovate the former Charleston Naval Hospital and transfer public services to the space, according to The Post and Courier.
The move ended a failed six-year redevelopment plan for the hospital, which cost Charleston taxpayers more than $35 million, according to the report.
The city council's decision likely means the 10-floor building will be demolished and developers will build a new county building on the property. The council also rejected plans to renovate the building, which would have cost an estimated $66 million.
The city bought the property for $2 million in 2012 and negotiated a redevelopment deal with a local development group. Under the deal, the group purchased the property for $5 million in 2014 and agreed to renovate three floors of the building and lease the space to the county for 25 years. However, financial issues regarding the redevelopment caused the county to back out of the transaction in 2016, the report states.
The development group declared bankruptcy shortly after the county backed out and filed a lawsuit against county officials. The two sides settled the lawsuit, with the county repurchasing the former Naval Hospital for $33 million.
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